The information contained in this presentation is provided by CSI Properties Limited (the "Company") based on information available to it and does not constitute a recommendation regarding the securities of the Company and or its subsidiaries The information contained in this presentation has not been independently verified. In all cases, interested parties should conduct their own investigation and analysis of the information. No representation or warranty, expressed or implied, is made as to, and no relia ...

Investor Presentation FY 2022 June 2022 The information contained in this presentation is provided by CSI Properties Limited (the "Company") based on information available to it and does not constitute a recommendation regarding the securities of the Company and or its subsidiaries The information contained in this presentation has not been independently verified. In all cases, interested parties should conduct their own investigation and analysis of the information. No representation or warranty, expressed ...

Investor Presentation 1H FY 2023 Nov 2022 0 Disclaimer The information contained in this presentation is provided by CSI Properties Limited (the "Company") based on information available to it and does not constitute a recommendation regarding the securities of the Company and or its subsidiaries The information contained in this presentation has not been independently verified. In all cases, interested parties should conduct their own investigation and analysis of the information. No representation or warr ...

Investor Presentation FY 2023 June 2023 0 Disclaimer The information contained in this presentation is provided by CSI Properties Limited (the "Company") based on information available to it and does not constitute a recommendation regarding the securities of the Company and or its subsidiaries The information contained in this presentation has not been independently verified. In all cases, interested parties should conduct their own investigation and analysis of the information. No representation or warran ...

0 Investor Presentation 1H FY 2024 Nov 2023 Disclaimer The information contained in this presentation is provided by CSI Properties Limited (the "Company") based on information available to it and does not constitute a recommendation regarding the securities of the Company and or its subsidiaries The information contained in this presentation has not been independently verified. In all cases, interested parties should conduct their own investigation and analysis of the information. No representation or warr ...

0 Investor Presentation FY 2024 Jun 2024 Disclaimer The information contained in this presentation is provided by CSI Properties Limited (the "Company") based on information available to it and does not constitute a recommendation regarding the securities of the Company and or its subsidiaries The information contained in this presentation has not been independently verified. In all cases, interested parties should conduct their own investigation and analysis of the information. No representation or warrant ...

0 Investor Presentation 1H FY 2025 Nov 2024 Disclaimer The information contained in this presentation is provided by CSI Properties Limited (the "Company") based on information available to it and does not constitute a recommendation regarding the securities of the Company and or its subsidiaries The information contained in this presentation has not been independently verified. In all cases, interested parties should conduct their own investigation and analysis of the information. No representation or warr ...

Financial Performance - The company reported a revenue of HKD 142,984,000 for the six months ending September 30, 2024, compared to HKD 323,983,000 for the same period in 2023, representing a decrease of approximately 56%[5]. - The company incurred a loss of HKD 914,642,000 for the period, a significant decline from a profit of HKD 55,989,000 in the previous year[5]. - The basic loss per share was HKD (9.82), compared to earnings of HKD 0.62 per share in the prior year, indicating a substantial negative shift in performance[5]. - The company reported a total comprehensive loss of HKD 895,854,000 for the period, compared to a total comprehensive loss of HKD 143,716,000 in the previous year[7]. - The company reported a loss before tax of HKD 938,613,000 for the six months ended September 30, 2024, compared to a profit in the previous year, indicating a significant downturn in financial performance[38]. - The company reported a comprehensive income of HKD (895,854,000) for the six months ending September 30, 2024, compared to HKD (143,716,000) in the previous year, indicating a worsening financial performance[16]. - The group recorded an unaudited consolidated loss of HKD 914.6 million for the same period, compared to a consolidated profit of HKD 56 million in the previous period[138]. - The loss attributable to shareholders for the six months was HKD 904.1 million, with a loss per share of HKD 0.0982, compared to a profit per share of HKD 0.0062 in the previous period[138]. Assets and Liabilities - Total assets decreased to HKD 18,439,070,000 as of September 30, 2024, down from HKD 20,179,263,000 as of March 31, 2024[11]. - The company’s equity attributable to owners decreased to HKD 12,847,271,000 from HKD 13,732,585,000, reflecting a decline in shareholder value[11]. - The company’s total assets as of September 30, 2024, were HKD 14,364,292,000, compared to HKD 14,399,772,000 as of September 30, 2023, showing a slight decrease in total asset value[16]. - The company’s liabilities increased to HKD 1,969,874,000 as of September 30, 2024, compared to HKD 3,126,423,000 in the previous year, indicating a rise in financial obligations[23]. - The total liabilities of the company remained consistent with the previous reporting period, with no significant impact from the adoption of new accounting standards[26]. - The total liabilities decreased to HKD 10,615,131,000 from HKD 12,502,230,000 over the same period[44]. - The group’s total liabilities to total assets ratio increased to 41.3% as of September 30, 2024, compared to 38.8% as of March 31, 2024[135]. Cash Flow - For the six months ending September 30, 2024, the company reported a net cash inflow from operating activities of HKD 88,045,000, compared to HKD 1,027,832,000 for the same period in 2023, indicating a significant decrease[20]. - The company experienced a net cash outflow from investing activities of HKD 158,185,000 for the six months ending September 30, 2024, compared to HKD 533,677,000 in the previous year, reflecting a reduction in investment expenditures[20]. - The net cash outflow from financing activities was HKD 477,405,000 for the six months ending September 30, 2024, compared to HKD 542,758,000 in the same period of 2023, showing a decrease in financing costs[23]. - As of September 30, 2024, the company's cash and cash equivalents decreased to HKD 1,969,874,000 from HKD 3,126,423,000 a year earlier, indicating a decline in liquidity[23]. - The group maintained a cash and bank balance of approximately HKD 1,971,500,000 as of September 30, 2024, compared to HKD 2,523,900,000 as of March 31, 2024[135]. Investments and Revenue Streams - The revenue from commercial properties was HKD 372,197,000, while residential properties generated HKD 706,190,000 for the six months ended September 30, 2024[30][38]. - Rental income from properties held for sale was HKD 119,904,000 for the six months ended September 30, 2024, compared to HKD 120,685,000 in the previous year, showing a slight decrease of 0.65%[28][32]. - The company recognized a total of HKD 23,080,000 from the sale of properties held for sale during the period, down from HKD 203,298,000 in the previous year, reflecting a decrease of approximately 88.6%[28][32]. - The company’s share of profits from joint ventures and associates was HKD (581,869,000) for the period, indicating a significant loss compared to the previous year[38]. - The company’s securities investment revenue was HKD 24,556,000 for the six months ended September 30, 2024, compared to HKD 14,745,000 in the previous year, showing an increase of approximately 66.6%[30][38]. Strategic Initiatives - The company is focusing on strategic initiatives to enhance market presence and operational efficiency moving forward[4]. - The company continues to explore strategic alliances in the commercial and residential property sectors in Hong Kong and mainland China[36]. - The group is cautiously optimistic about the future of the residential market, despite recent improvements in sales volume due to government measures[139]. - The group is actively managing and enhancing the leasing situation of its premium office building "Kai Hui" in Kowloon Bay, with an additional 16,000 square feet leased to the Hospital Authority[141]. - The group is developing a mixed-use commercial project in Central, expected to provide approximately 432,000 square feet of Grade A office space, luxury hotel, and retail[141]. Corporate Governance - The company has adopted a standard code for trading securities and has confirmed compliance from all directors during the review period[170]. - The company has applied the principles of the corporate governance code during the six months ending September 30, 2024, with a noted deviation regarding the separation of roles between the chairman and CEO[168]. - The audit committee reviewed the unaudited condensed consolidated interim financial statements for the six months ending September 30, 2024[172]. - The company has maintained good corporate governance practices with necessary monitoring and checks in place despite not having a CEO position[168].

Project Developments - The reconstruction plan for Novotel Hotel is progressing well, with a target completion date in the second half of 2025. Over 180 out of 259 residential units have been pre-sold since May 2024[1]. - The commercial project at 92 Wellington Street, developed in partnership with the Canada Pension Plan Investment Board, has successfully sold 8 floors, with expectations for more sales as the retail sector in Central gradually recovers[1]. - The luxury residential project "The Royal" at 47 Baguio Villa has seen improved buyer interest following the Federal Reserve's interest rate cut in September, with two duplex units sold recently[3]. - The "Infinity" project at 8-12 Peak Road includes renovations for high-end residential units, with a new standalone house at 10 Peak Road recently completed, offering panoramic views[3]. - The "Hua Di" residential project at 333 Fan Kam Road includes 6 luxury villas, each over 6,000 square feet, with one villa under a sales agreement since the interest rate cut[4]. - The "The Southside" project at MTR Wong Chuk Hang Station is set to develop approximately 636,000 square feet of premium residential space, with construction already underway and expected completion in 2025[5]. - The "Lai Sun Yuen Long Centre" project is being transformed into a mass residential project with an expected construction area of about 480,000 square feet, with preparations ongoing[6]. - In Beijing, the "Jin Yu Dong Hua" project has sold over 90 out of 114 renovated units, indicating strong demand for high-end luxury residential properties in mainland China[7]. Financial Performance - The group reported a revenue of HKD 142,984,000 for the six months ended September 30, 2024, compared to HKD 323,983,000 for the same period in 2023, representing a decrease of approximately 56%[20]. - The gross profit for the same period was HKD 35,454,000, down from HKD 191,964,000, indicating a decline of about 81%[20]. - The group incurred a loss before tax of HKD 938,613,000, compared to a profit of HKD 52,209,000 in the previous year, reflecting a significant downturn in performance[20]. - The total comprehensive loss for the period was HKD 895,854,000, compared to a total comprehensive income of HKD 143,716,000 in the prior year[22]. - For the six months ending September 30, 2024, the company reported total revenue of HKD 1,117,021,000, a decrease from HKD 1,532,250,000 in the same period of 2023, representing a decline of approximately 27%[32]. - The company recorded a loss before tax of HKD 938,613,000 for the six months ending September 30, 2024, compared to a profit in the previous period, highlighting significant financial challenges[40]. - The revenue from the sale of properties held for sale was HKD 23,080,000 for the current period, a substantial drop from HKD 203,298,000 in the same period last year, reflecting a decrease of approximately 88.6%[32]. - The company’s share of revenue from joint ventures and associates was HKD 912,497,000, down from HKD 1,142,606,000 in the previous year, indicating a decline of about 20.1%[40]. - The company’s total classified revenue from commercial properties was HKD 372,197,000, while residential properties accounted for HKD 706,190,000 for the six months ending September 30, 2024[33]. - The company reported a significant decrease in classified revenue from the Macau properties, which was HKD 14,078,000, compared to HKD 1,056,000 in the previous year[33]. - The company’s total classified revenue (excluding share of joint ventures and associates) was HKD 167,540,000 for the current period, down from HKD 338,728,000 in the previous year, reflecting a decline of approximately 50.5%[33]. - The company’s investment in securities generated revenue of HKD 24,556,000 for the six months ending September 30, 2024[33]. - The total investment income for the six months ended September 30, 2024, was HKD 5,306,000, down from HKD 10,816,000 in the previous year[47]. - The total borrowing costs for the period were HKD 298,510,000, a reduction from HKD 323,748,000 in the previous year[50]. - The group recorded an unaudited consolidated loss of HKD 914.6 million for the period, compared to a consolidated profit of HKD 56 million in the previous period, indicating a significant downturn[82]. - The loss attributable to shareholders for the six months was HKD 904.1 million, compared to a profit of HKD 57.6 million in the same period last year, marking a shift from profit to loss[82]. - The earnings per share for the current period was a loss of HKD 0.0982, compared to earnings of HKD 0.0062 in the previous period[82]. Financial Position and Management - As of September 30, 2024, the company held financial assets valued at approximately HKD 321 million, with 28.2% in listed debt securities and 68.8% in unlisted equity and debt securities[10]. - The interest and dividend income from securities investments increased to approximately HKD 24.6 million, up from HKD 14.7 million a year earlier[14]. - The group has secured a new four-year sustainable development-related syndicated loan amounting to HKD 1,300,000,000, aimed at maintaining liquidity and financial stability[15]. - The group anticipates a slow recovery in the economies of mainland China and Hong Kong, supported by potential interest rate cuts and increasing demand from new immigrants[15]. - Non-current liabilities increased to HKD 5,599,606,000 as of September 30, 2024, compared to HKD 6,443,145,000 as of March 31, 2024[25]. - The total equity attributable to the owners of the company decreased to HKD 12,847,271,000 from HKD 13,732,585,000[25]. - The group is committed to prudent risk management and maintaining a robust financial position amidst current market uncertainties[16]. - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2024, and 2023[69]. - The total assets pledged as collateral for bank financing amounted to 8,741,030 thousand HKD as of September 30, 2024, compared to 8,809,924 thousand HKD as of March 31, 2024[70]. - The company had 98 employees as of September 30, 2024, down from 104 employees as of March 31, 2024[72]. - The company’s financial guarantee contracts amounted to 19,653 thousand HKD as of September 30, 2024, down from 23,003 thousand HKD as of March 31, 2024[70]. Market Outlook - The residential property market in Hong Kong has seen a mixed response, with sales improving but price levels declining, leading to a cautious outlook for future sales[85]. - The commercial property sector continues to face significant challenges, with low demand for office and retail spaces, although there are signs of stabilization in office vacancy rates[85]. - The group is actively managing and enhancing its strategic commercial projects, including a joint venture in Central that will provide approximately 432,000 square feet of premium office and retail space, expected to be completed in early 2026[88]. - The group has successfully secured additional office space for the Hospital Authority, increasing their lease by 16,000 square feet, demonstrating effective tenant management[88]. - The group remains focused on prudent financial management and appropriate refinancing strategies to balance stakeholder interests amid market uncertainties[86]. - The outlook for the property market in Hong Kong and mainland China is expected to remain relatively subdued in the short term due to economic uncertainties and potential impacts from U.S. monetary policy[86].

在商用物業市場方面，利率上升、辦公室需求疲弱以 及零售活動轉向中國內地，均使行業面臨巨大逆境。 預計該等負面因素將持續至本地經濟復甦好轉及利率 下調為止。 本集團相信，中國內地與香港的房地產市場於短期內 仍然受壓。鑑於局勢持續充滿挑戰及不確定性，加上復 甦步伐放緩，因此可能需要經過較長時間才會迎來全 面回升，連帶對未來財政年度的前景亦趨於審慎。與 此同時，本集團將審慎管理其資產負債及資金狀況， 持續檢視市場狀況，並採取必要措施維護所有持份者 的利益。從好的方面看，本集團樂觀認為香港利率於 未來將有望下調，而此將有助香港物業市場邁向復甦。 年報 2024 07 主席報告 我們的財務摘要 面對如此宏觀挑戰，我們仍然在住宅及商用物業銷售 方面取得可觀的成績。本集團於本財政年度應佔來自 物業銷售（包括合營企業的貢獻約18億港元）的收益總 額合計約為31億港元。 於本財政年度，本公司擁有人應佔本集團綜合虧損為 4.256億港元。董事會不建議派付本財政年度的末期股 息。 我們的業務摘要及前景 住宅分部 香港住宅物業行業於本財政年度大部分時間均面臨強 勁阻力。於住宅物業行業，借貸成本飆升亦讓現正面 對更高按揭利率的潛在買家 ...